1012 N Waccamaw Dr - Apartments FOR SALE


Garden City, SC 29576
$299,000 USD
843-222-9370
1012 N Waccamaw Dr, Garden City, SC for Sale
$299,000 USD
Apartments - FOR SALE
1/11
null | 9.52% Cap Rate

1012 N Waccamaw Dr
Garden City, SC 29576


HIGHLIGHTS

  • One (1) Oceanfront Penthouse Floor Condos and Turn Key Rental Business with High Cap Rate
  • Spectacular Views of the Atlantic Ocean, Always in High Demand
  • Perfect Family Beach, Extra Large Pool Deck and Pools
  • Updated Spacious Condos with Large Kitchen, Second Full Bath and Washer/Dryer
  • Upscale Beach Theme Decor with Original Professional Artwork
  • Reservations For 2025 Already On the Books

OVERVIEW

Prime investment opportunity that includes a gorgeous 1BR/2BA penthouse floor oceanfront condo and a turn key, very profitable and well established rental business. Common areas include a massive covered parking garage, a huge oceanfront pool deck with large pool and a separate hot tub, a heated ( in Winter) indoor pool and hot tub, and an exercise room. This condo is already booked with 5 month Winter rentals and have weekly rentals booked for 2025. One hundred five star VRBO reviews convey. Waters Edge Resort is NOT a hotel but rather an HPR (horizontal property regime) of privately owned condos. Guests and owners love the pools, bar and cafe on the ground floor of the resort. More photos and reviews can be seen by clicking on the VRBO page links provided.

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

1

PRICE/UNIT

$299,000

CAP RATE

9.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Suite 1504 Water’s Edge Resort

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

15

YEAR BUILT

1985

PARKING SPACES

256

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,504 SF

ZONING

Commercial

APN/PARCEL ID

516465165165461

ASK ABOUT THIS PROPERTY

Andrew CardinaleWhite Sand Vacations LLCMore Info
843-222-9370

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Andrew CardinaleWhite Sand Vacations LLCMore Info
843-222-9370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.